Ryder System, Inc. (NYSE:R) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of Ryder System, Inc. (NYSE:R - Free Report) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,222 shares of the transportation company's stock after selling 2,224 shares during the period. Teacher Retirement System of Texas' holdings in Ryder System were worth $2,477,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in R. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ryder System during the first quarter worth about $26,000. Curat Global LLC acquired a new stake in shares of Ryder System during the first quarter worth about $55,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Ryder System during the fourth quarter worth about $59,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Ryder System during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Ryder System Price Performance

R stock traded up $0.24 during trading on Friday, reaching $176.25. 481,580 shares of the company were exchanged, compared to its average volume of 326,375. The company has a market cap of $7.29 billion, a P/E ratio of 15.37 and a beta of 0.97. Ryder System, Inc. has a 52-week low of $123.36 and a 52-week high of $177.40. The stock's 50 day moving average price is $155.29 and its 200 day moving average price is $152.73. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.73 and a current ratio of 0.73.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.06. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.64%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.14 earnings per share. As a group, analysts predict that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a dividend of $0.91 per share. This is an increase from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. This represents a $3.64 annualized dividend and a dividend yield of 2.07%. Ryder System's dividend payout ratio is presently 31.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Ryder System in a research note on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Robert W. Baird assumed coverage on shares of Ryder System in a research note on Tuesday, July 1st. They set an "outperform" rating and a $186.00 price target on the stock. Wall Street Zen lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Stephens dropped their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.50.

Insider Activity at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director owned 39,802 shares of the company's stock, valued at approximately $5,746,612.76. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the transaction, the chief executive officer directly owned 40,824 shares in the company, valued at $6,357,521.52. The trade was a 31.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.